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Serious and organised crime targeting super scheme: ASIC – 12 August 2020
ASIC says the federal government’s early access to super scheme has been exploited by groups with links to serious and organised crime and real estate agents, using pressure sales tactics.
ASIC drops investigation into Ex AMP chair – 11 August 2020
Following revelations at the royal commission, ASIC has confirmed it will not take action against former AMP chairwoman Catherine Brenner. It was discovered that AMP had internal input into an apparently ‘independent’ compliance report, regarding charting of fees for no service to advice clients.
https://www.ifa.com.au/news/28383-asic-drops-investigation-into-ex-amp-chair
Brisbane broker permanently banned – 11 August 2020
ASIC has permanently banned Jeffry Leonard Gordon, a Brisbane-based broker from engaging in credit activities, after the corporate watchdog found he had falsified a letter of approval for a home loan.
https://www.financialstandard.com.au/news/brisbane-broker-permanently-banned-170377731
Australian woman jailed over crypto theft – 11 August 2020
An ex-Bitcoin trader who was the first person in Australia to be charged with cryptocurrency theft has been jailed. Kathryn Nguyen and an associate hacked into a cryptocurrency account and swapped the two-factor authentication to her mobile phone. She then transferred the large sum of cryptocurrency to an overseas exchange where it was traded for bitcoin and shuffled into different wallets.
https://ia.acs.org.au/article/2020/australian-woman-jailed-over-crypto-theft.html
